Key facts
| Company | Koryx Copper (TSXV: KRY) |
|---|---|
| Commodity | Copper |
| Location | Namibia |
| Stage | PEA |
Mineral resource estimates
6 reported estimates, newest first. Categories are as disclosed by Koryx Copper; inferred material carries the lowest confidence and cannot support a reserve.
| Category | Tonnes | Cu % | Effective |
|---|---|---|---|
| IndicatedNI 43-101 | 511.0 Mt | 0.33 % | Sep 4, 2025 |
| InferredNI 43-101 | 308.9 Mt | 0.31 % | Sep 4, 2025 |
| Measured & indicatedNI 43-101 | 511.0 Mt | 0.33 % | Sep 1, 2025 |
| InferredNI 43-101 | 308.9 Mt | 0.31 % | Sep 1, 2025 |
| IndicatedNI 43-101 | 414.0 Mt | 0.35 % | Aug 31, 2024 |
| InferredNI 43-101 | 345.0 Mt | 0.33 % | Aug 31, 2024 |
How the categories differ: Inferred vs Indicated vs Measured. Compare reports over time with the Resource Growth Tracker.
Economic studies
Preliminary economic assessment
Sep 4, 2025- NPV (5%)
- US$2052M
- IRR
- 20.1%
- Payback
- 3.9 years
- Initial capex
- US$1557M
- Mine life
- 23 years
Preliminary economic assessment
Sep 4, 2025No figures were extracted from this study.
Figures as extracted from each study, in US dollars as the studies report them. Open the report before relying on one.
News releases52 on file
Koryx Copper Provides Interim Update on Pre-Feasibility Study Progress for the Haib Copper Project in Southern Namibia
An interim update on the Haib Copper Project PFS in southern Namibia sets the base case at 48 Mtpa of run-of-mine crushing, with coarse particle flotation rejecting about 12 Mtpa of coarse gangue at 0.05% Cu ahead of a 36 Mtpa flotation circuit; the heap leach component of roughly 50 Mt of oxide material is no longer in the base case. A tailings site holding ~1.15 Bt was selected, MoUs signed with
Study resultsKoryx Copper Completes PFS Drill Program, Announces Further Positive Infill Drill Results at the Haib Copper Project in Southern Namibia
Assay results from 18 drill holes totalling 7,074m of infill and expansion drilling at the wholly-owned Haib Copper Project in southern Namibia include HM199 with 438m @ 0.40% CuEq from surface, including 224m @ 0.51% CuEq, HM193 with 681m @ 0.34% CuEq, and HMRC015 with 491m @ 0.22% CuEq including 79m @ 0.46% CuEq. The infill and expansion drill program is now complete, with an updated MRE and PFS
Drill resultsKoryx Copper Files Technical Report with Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia
A technical report containing an updated mineral resource estimate for the Haib Copper Project in southern Namibia has been filed.
Resource updateKoryx Copper Announces Updated Mineral Resource Estimate for the Haib Copper Project, Southern Namibia
An updated mineral resource estimate has been released for the Haib Copper Project in southern Namibia.
Resource updateKoryx Copper announces closing of C$5 million Sidecar Namibian Nonbrokered Private Placement for total financing of C$51 million
A C$5,000,000 sidecar non-brokered private placement has closed, comprising 2,040,816 common shares at C$2.45 per share sold predominantly to Namibian institutional and retail investors, on terms consistent with the C$46M bought deal announced January 6, 2026 and closed January 20, 2026, for total financing of C$51 million. Finder's fees of C$150,000 were paid to Cirrus Capital (Pty) Ltd. Proceeds
FinancingKoryx Copper Announces Closing of $46 Million Bought Deal Financing and Concurrent $5 Million Namibian Non-Brokered Private Placement
A bought deal private placement of 18,776,050 common shares at C$2.45 each closed for gross proceeds of C$46,001,323, including full exercise of the underwriters' option, led by Stifel Canada. A concurrent non-brokered private placement of up to 2,040,816 shares at $2.45 for $5,000,000 targets predominantly Namibian institutional and retail investors. Proceeds will fund technical studies and explo
FinancingKoryx Copper Announces Upsize of Bought Deal Financing to $40 Million
A previously announced bought deal private placement has been upsized to 16,327,000 common shares at C$2.45 per share for gross proceeds of C$40,001,150, with Stifel Canada as sole bookrunner. Underwriters hold an option for up to 2,449,050 additional shares at the same price, exercisable until 48 hours before closing. Proceeds will fund technical studies and exploration at the Haib Copper Project
FinancingKoryx Copper Announces $25 Million Bought Deal Financing
A bought deal private placement of 10,205,000 common shares at C$2.45 per share for gross proceeds of C$25,002,250 has been agreed with Stifel Canada as sole bookrunner, with an underwriters' option for up to 1,530,750 additional shares at the same price. Underwriters receive a 6% cash commission and compensation warrants equal to 3% of shares sold, exercisable at C$2.45 for 24 months. Proceeds wi
FinancingKoryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Assay results from a further nine drill holes totalling 4,007m of diamond drilling at the wholly-owned Haib Copper Project in southern Namibia include HM103 with 74m at 0.36% Cu from 66m (including 16m at 0.56% Cu), HM104 with 214m at 0.34% Cu from 272m, HM102 with 19m at 0.64% Cu from 204m, and HM101 with 62m at 0.31% Cu from surface. Twelve diamond rigs are now operating on site, including geote
Drill resultsKoryx Copper Announces Further Positive Drill Results at the Haib Copper Project, Southern Namibia
Assay results from a further 17 diamond drill holes totalling 5,556m at the wholly-owned Haib Copper Project in southern Namibia include HM96 with 116m at 0.36% Cu from 228m and 40m at 0.37% Cu from 4m, HM79 with 96m at 0.31% Cu from 74m, and HM76 with 50m at 0.33% Cu from 102m. Four additional man-portable rigs are in transit, taking the count to eight resource rigs plus two on geotechnical drill
Drill resultsKoryx Files Updated Pea For The Haib Copper Project, Southern Namibia
The NI 43-101 technical report supporting the Preliminary Economic Assessment for the 100%-owned Haib Copper Project in southern Namibia has been filed on SEDAR+, with an effective date of September 4, 2025; the PEA results were announced September 4, 2025. Haib's mineral resource stands at 511Mt at 0.33% Cu and 51 ppm Mo (1,668kt copper, 25.9kt molybdenum) Indicated and 308.9Mt at 0.31% Cu and 40
Study resultsKoryx Announces Updated PEA Results for the Haib Copper Project, Southern Namibia
Updated PEA results for the 100%-owned Haib Copper Project in southern Namibia show an after-tax NPV8% of US$1.351bn and 20.1% after-tax IRR at a copper price of US$4.31/lb (US$9,500/t), with a 23-year mine life, 3.9-year payback, US$1.559bn upfront capital and US$543m LOM sustaining capital. Average payable copper production is 92ktpa over years 1-10 at C1 cash costs of US$1.81/lb and AISC of US$
Study resultsKoryx Copper Drills Widest Historic Continuous High-Grade Zone
Drill hole HM90 at the Haib Copper Project in southern Namibia returned 110m at 0.70% Cu from surface, including 36m at 1.42% Cu from 28 to 64m, within a 417m interval grading 0.33% Cu; true widths are unknown. The hole lies about 60m north of HM06, which returned 90m at 0.60% Cu. Namibia's Ministry of Mines renewed Exclusive Prospecting Licence 3140 to 6 July 2027, and Koryx has submitted a minin
Drill resultsKoryx Copper Announces Further Drill Assay Results Extending Consistent Mineralization at Depth and Laterally at the Haib Copper Project, Southern Namibia
Assay results from seven drill holes totalling 2,986m at the wholly-owned Haib Copper Project in southern Namibia include HM75 with 927m @ 0.24% Cu over the entire hole, including 60m @ 0.33% Cu and 48m @ 0.34% Cu, HM72 with 14m @ 0.91% Cu, and HM77 with 98m @ 0.37% Cu. 15,349m of the 28,000m planned for 2025 is complete, with six rigs active and four man-portable rigs arriving in September. An up
Drill resultsKoryx Copper Announces Closing Of $25 Million Financing
A bought deal public offering of 19,047,680 common shares at C$1.05 each closed for gross proceeds of C$20,000,064, including full exercise of the over-allotment option, alongside a concurrent non-brokered private placement of 4,761,844 shares at the same price for about C$5,000,000. Stifel Canada led the offering as lead underwriter and sole bookrunner. Proceeds will fund technical studies and ex
FinancingKoryx Copper Announces Upsize Of Bought Deal Public Offering To $17 Million
The previously announced bought deal public offering has been upsized to 16,563,200 common shares at C$1.05 per share for gross proceeds of C$17,391,360, with Stifel Nicolaus Canada Inc. as lead underwriter and sole bookrunner. The underwriters hold a 30-day over-allotment option for up to an additional 15% of the shares sold, and closing is expected on or about July 30, 2025. Proceeds will fund t
FinancingKoryx Copper Announces $10 Million Bought Deal Public Offering
A bought deal public offering of 9,524,000 common shares at C$1.05 per share for gross proceeds of C$10,000,200 has been agreed with a syndicate led by Stifel Nicolaus Canada Inc., with a 15% over-allotment option exercisable for 30 days after closing. Proceeds will fund technical studies and exploration at the Haib Copper Project in Namibia, working capital and general corporate purposes. Closing
FinancingKoryx Copper Receives Additional Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Assay results from six diamond drill holes totalling 1,808 m in the Phase 2 program at the wholly owned Haib copper project in southern Namibia include HM73 with 88 m at 0.41% Cu from 12 m and 228 m at 0.34% Cu from 270 m, HM69 with 8 m at 0.97% Cu from 40 m, and HM70 with 46 m at 0.41% Cu from 134 m. Of the planned 28,000 m for 2025, 11,100 m has been completed, with four man-portable rigs being
Drill resultsKoryx Copper Provides Project Development Update For The Haib Copper Project, Southern Namibia
Metallurgical testwork at the Haib copper-molybdenum project in southern Namibia returned average flotation recovery of 89% at the 0.35% Cu resource grade from a 120-150µm grind, producing concentrate grading 20-25% Cu, with 45-70% of molybdenum reporting to concentrate. A PEA is targeted for publication in Q3 2025, with column leach tests to finish by end-April 2026 and a resource update and furt
CorporateKoryx Copper Announces Further Highly Encouraging Drill Results at the Haib Copper Project, Southern Namibia
Assay results from 12 drill holes (3,603m) in the Phase 2 program at the wholly-owned Haib copper-molybdenum-gold project in southern Namibia included HM62 with 572m at 0.33% Cu from surface, including 68m at 0.53% Cu, 110m at 0.41% Cu and 54m at 0.41% Cu; HM64 returned 26m at 0.66% Cu and 0.05 g/t Au, and HM51 returned 112m at 0.32% Cu. Twenty-nine of 37 planned Phase 2 holes totalling 8,647m are
Drill resultsKoryx Copper Completes Internal Restructure To Simplify Corporate And Reporting Structures
A vertical short-form amalgamation with wholly-owned dormant subsidiary 1054137 B.C. Ltd. was completed under the Business Corporations Act (British Columbia), effective March 19, 2025, to simplify Koryx Copper's corporate and reporting structure. The resulting company retains the name Koryx Copper Inc., the same Articles and the TSXV symbol KRY, issued no securities, and the business is unchanged
CorporateKoryx Copper Announces Multiple Higher-Grade Drill Results Over Wide Intercepts at the Haib Copper Project, Southern Namibia
Assay results from 10 boreholes (2,542m) of the Phase 2 program at the wholly-owned Haib copper-molybdenum project in southern Namibia include HM52 with 146m at 0.53% CuEq from 112m, HM56 with 191m at 0.47% CuEq from 72m, HM43 with 141m at 0.45% CuEq from 202m, and HM55 with 106m at 0.37% CuEq from surface plus 80m at 0.58% CuEq. A total of 4,759m has been drilled of the 8,200m planned, with resul
Drill resultsKoryx Copper Recognized as a Top 50 TSX Venture Exchange Company
Koryx Copper was named to the 2025 TSX Venture 50, ranking among the top 50 performers on the TSX Venture Exchange based on 400% share price appreciation and 737% market capitalization growth in 2024, and placing in the top 10 mining companies in the category. Rankings weight one-year share price appreciation, market capitalization increase and Canadian consolidated trading value as of December 31
CorporateKoryx Copper Announces Transformative 2025 Drill and Study Program, Fast-Tracking the Development of the Haib Copper Project in Southern Namibia
A C$20 million technical program for the wholly-owned Haib Copper Project in southern Namibia will run through 2025, including more than 55,000m of drilling with three rigs currently turning, ramping to six by end-February 2025. Phase 2 drilling (8,200m, 3,550m done in 2024) finishes in Q1 2025, followed by Phase 3 (29,000m) and Phase 4 (20,000m) infill drilling. DRA Global was appointed study con
Drill resultsKoryx Copper Appoints Heye Daun as President & CEO, Trevor Faber as COO
Heye Daun has been appointed President and CEO of Koryx Copper while retaining his role as board Chairman, and Trevor Faber, a mining engineer with over 30 years of African project development experience and former COO of Alphamin Resources, has been appointed Chief Operating Officer. Pierre Léveillé steps down as President and remains on the board as Executive Director. The company has completed
ManagementKoryx Copper Closes Third Tranche of Private Placement and Provides Update on Flagship Haib Copper Project
Koryx Copper closed a third tranche of its non-brokered private placement, raising C$3,100,000 through 2,818,182 shares at $1.10, bringing total gross proceeds to C$17,969,355.60 for 16,335,778 shares; no finders' fees were paid and shares carry a four-month hold. An 8,200m Phase 2 drill program using two rigs has begun at the 100%-owned Haib Copper Project in southern Namibia, with initial result
FinancingKoryx Copper Files Technical Report with Updated Mineral Resource Estimate
A NI 43-101 technical report containing an updated mineral resource estimate for the Haib Copper Project in Namibia has been filed on SEDAR+, with an effective date of August 31, 2024 and a report date of October 23, 2024. The report was prepared by The MSA Group (Pty) Ltd., authored by Jeremy C. Witley and Damian E.G. Connelly, and details the resource update first announced on September 10, 2024
Resource updateKoryx Copper Appoints CFO and Technical Management Team, Accelerating the Advancement of the Haib Copper Project, Southern Namibia
Tony da Silva has been appointed CFO, Charles Creasy Head of Project Development, Steve Burks Senior Metallurgical Study Consultant, and Jon Andrew VP Exploration for Namibia and Zambia; all four previously worked together on Osino's Twin Hills Gold Project. The team has begun exploration and development work at the PEA-stage Haib copper-molybdenum project in southern Namibia, including resource g
ManagementKoryx Copper Announces Updated Mineral Resource for the Company’s Flagship Haib Copper Development Project in Namibia
An updated mineral resource for the Haib Copper Project in Namibia reports an indicated resource of 414Mt at 0.35% Cu (3,216 Mlbs Cu) and an inferred resource of 345Mt at 0.33% Cu (2,503 Mlbs) at a 0.25% Cu cut-off, versus the 2021 PEA's 457Mt at 0.31% indicated and 342Mt at 0.29% inferred. At a 0.5 revenue factor and 0.30% cut-off, indicated material is 116 Mt at 0.41% Cu. An 8,200m, 36-hole diam
Resource updateKoryx Copper Makes Board Changes and Announces Management Transition – Appoints Osino Founders Heye Daun and Alan Friedman
Heye Daun has been appointed Executive Chairman and Alan Friedman Lead Independent Director of Koryx Copper, effective immediately. Jean-Luc Roy, Pierre Matte and Tim Fernback have resigned from the board, and Pierre Léveillé has stepped down as CEO while remaining President and a Director. Daun and Friedman, co-founders of Osino Resources, which was sold to Shanjin International Gold for C$368m,
Management